secwatch.observer — SEC 8-K summary
======================================

Issuer:     HERBALIFE LTD. (HLF)
CIK:        0001180262
Form:       8-K
Filed at:   2026-05-01T23:59:59+00:00
Accession:  0001213900-26-051010
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 2.04, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Herbalife completes $1.45B refinancing, issues $800M 7.75% notes due 2033, redeems 12.25% notes
--------------------------------------------------------------------------------

- Issued $800M aggregate principal of 7.750% Senior Secured Notes due 2033 (the '2033 Secured Notes').
- Amended 2024 credit facility to $225M Term Loan A and $425M revolving credit facility, both due April 2031.
- Used net proceeds and cash to repay $365M term loan B and redeem $800M of 12.250% notes due 2029 at 106.125% of principal.
- Expects approximately $45 million in annual cash interest savings from the refinancing.
- Approximately $200 million was outstanding under the revolving credit facility as of April 29, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1180262/000121390026051010/0001213900-26-051010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1180262/000121390026051010/ea0288353-8k_herbalife.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-051010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer